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Jan 21, 2013
01/13
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we follow the facts and the law wherever they take us. and we're bringing every case that we believe can be made. [ticking] >> when we come back, we talk to a whistleblower who was inside citigroup during the financial meltdown. [ticking] hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even have to switch. unless you're scared. i'm not scared, it's... you know we can still see you. no, you can't. pretty sure we can... try snapshot today -- no pressure. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare
we follow the facts and the law wherever they take us. and we're bringing every case that we believe can be made. [ticking] >> when we come back, we talk to a whistleblower who was inside citigroup during the financial meltdown. [ticking] hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even...
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Jan 21, 2013
01/13
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we follow the facts and the law wherever they take us. and we're bringing every case that we believe can be made. [ticking] >> when we come back, we talk to a whistleblower who was inside citigroup during the financial meltdown. [ticking] in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of fin
we follow the facts and the law wherever they take us. and we're bringing every case that we believe can be made. [ticking] >> when we come back, we talk to a whistleblower who was inside citigroup during the financial meltdown. [ticking] in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them....
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Jan 17, 2013
01/13
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larry, it doesn't make any sense to make it harder for law-abiding people to get guns. it's the criminal doing the crime. >> it certainly does. >> they are not military grade. it's such a canard. these are not military grade weapons. they look scary to liberals. >> look -- >> hang on one second. look, i don't know what the answer is. i'm just saying i'm speculating here and i may be dead wrong. there are loopholes. here in new york state if you have a pistol grip you can't by the automatic but if you don't have the pistol grip you can. i'm not sure in what the details of this is. i just want to inject that. i'm not taking a position but i'm saying -- >> it's all cosmetic. >> we got to figure out something. >> look, we have to be concerned about newtown and columbine and concerned about what happened at the theater in colorado and what's happening in chicago. and the reality is that this will go a lot further than the gun lobby has let us go in a very long time. >> larry, with all due respect, you know what's happening in chicago? children are being killed in chicago by
larry, it doesn't make any sense to make it harder for law-abiding people to get guns. it's the criminal doing the crime. >> it certainly does. >> they are not military grade. it's such a canard. these are not military grade weapons. they look scary to liberals. >> look -- >> hang on one second. look, i don't know what the answer is. i'm just saying i'm speculating here and i may be dead wrong. there are loopholes. here in new york state if you have a pistol grip you...
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Jan 25, 2013
01/13
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this is a very dangerous and i would argue rather unamerican approach to criminal law. terrorists get ahold of explosive device and suicide bombs and they still continue to get ahold of them. it doesn't mean as a society well because some bad people got a hold of them we should never ban it. >> we have a healthy skepticism. it's reasonable -- >> there's a constitutional amendment that specifically talks about the right to keep and bear arms. that is unusual probably in the world but it is, i think, very important for not only militias but individuals. >> there are other ways to go about this besides trying to ban all weapons which is what miss feinstein says. let me ask you quickly, bill braddon the top cop has said it's the ammunition clips, the magazines. that's something that worries him. he wants to see registration and licensing and he wants to see universal background checks and very tough criminal penalties for people who break gun laws. i've thrown a lot at you kate. can you buy into any of that? i think the nra can buy into that. >> the nra buys in to backgroun
this is a very dangerous and i would argue rather unamerican approach to criminal law. terrorists get ahold of explosive device and suicide bombs and they still continue to get ahold of them. it doesn't mean as a society well because some bad people got a hold of them we should never ban it. >> we have a healthy skepticism. it's reasonable -- >> there's a constitutional amendment that specifically talks about the right to keep and bear arms. that is unusual probably in the world but...
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Jan 22, 2013
01/13
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if it does and reaches the president's desk he would not stand in the way of the bill becoming law. >> the bottom line, of course, is that having broken the link between specific spending cuts and specific dollar increase in the debt ceiling it becomes easier for congress to shift the fight over spending and taxes and revenue on to different ground. of course, the quester and the -- the continuing resolution to fund the government, but you're hearing some of both parties saying they might even accept the sequester. some of the stakes appear to be fading from these disagreements that paralyzed washington at the end of last year. >> when i heard this original deal profrksd i thought it was on the condition that the senate eventually congress had to actually pass a budget finally. >> that's still on the table. >> that is still on the table. a little bit less clear is the fate of the idea that somehow pay would be suspended for members of congress if they don't pass a budget. >> right. >> there are questions about the constitutionality of that provision, but the entire provision is to try
if it does and reaches the president's desk he would not stand in the way of the bill becoming law. >> the bottom line, of course, is that having broken the link between specific spending cuts and specific dollar increase in the debt ceiling it becomes easier for congress to shift the fight over spending and taxes and revenue on to different ground. of course, the quester and the -- the continuing resolution to fund the government, but you're hearing some of both parties saying they might...
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Jan 18, 2013
01/13
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the bank of america is a law firm masquerading as a lending institution. benjarvus, green-ellis, merrill lynch. citigroup, still has a ton of dicey loans and not unlocking reserves, company is very conservative, not ready to return capital to shareholders, not yet. and you who knows how new management feels about emerging markets? the former ceo, that's what made citigroup special for me, but when you sack the cheap proponent of the go global strategy, and you put in a conventional banker, what does that say about the entire fund of the investing thesis? very little. these two come on the heels of numbers from jpmorgan and wells far fargo. but the action so to speak in the stock market is about the regionals. wells owns 30% of domestic market. getting stronger every day. bb & t and citigroup, the numbers not that much better than the big boys. it's clear they are being rewarded instantly with higher prices because they are perceived as excellent, clean, noncontroversial ways to play the housing recovery, which we are seeing, almost a million housing starts
the bank of america is a law firm masquerading as a lending institution. benjarvus, green-ellis, merrill lynch. citigroup, still has a ton of dicey loans and not unlocking reserves, company is very conservative, not ready to return capital to shareholders, not yet. and you who knows how new management feels about emerging markets? the former ceo, that's what made citigroup special for me, but when you sack the cheap proponent of the go global strategy, and you put in a conventional banker, what...
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Jan 17, 2013
01/13
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the bank of america is a law firm masquerading as a lending institution. citigroup, still has a ton of dicey loans and not unlocking reserves, company is very cob servetive, not ready to return capital to shareholders, and you who knows how new management feels about emerging markets? and when you sack the cheap proponent of the go global strategy, and you put in a conventional bank, what does that say about the entire fund of the investing thesis? these two come on the heels of numbers from j. prchlp. morgan wells fargo. but the action so to speak in the stock market is about the regionals. bb & t and citigroup, the numbers not that much better than the big boys. they are being rewarded instant well higher prices because they are perceived excellent, clean, noncoto versial ways to play the housing recovery. and they seem to be in better shape whether it comes to regulators and legal wranglings and clearly able to make more money than the money centers as a percentage of growth when things get better. more money, fewer problems and are getting better as ke
the bank of america is a law firm masquerading as a lending institution. citigroup, still has a ton of dicey loans and not unlocking reserves, company is very cob servetive, not ready to return capital to shareholders, and you who knows how new management feels about emerging markets? and when you sack the cheap proponent of the go global strategy, and you put in a conventional bank, what does that say about the entire fund of the investing thesis? these two come on the heels of numbers from j....
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Jan 21, 2013
01/13
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but on land, laws can be enforced. in cape town recently, authorities raided several processing plants owned by hong kong chinese. seven tons of fins were confiscated. this is only a small fraction of the whole. and after you've seen those fins laid out, have another look, as we did, at sharks doing what sharks do-- at a cow shark weaving through an underwater forest; at the perfect geometry and grace of a blue shark in cold, clear water. it's not the shark's fault that we've demonized him for so long. besides, we need our demons; they've been with us, in our minds, as long as gods. so the next time you're in a chinese restaurant and feel like some soup, why not stick to the egg drop or the wonton? give the shark a break. >> since our report first aired, the worldwide shark tourism business has continued to thrive. but there is some good news for the sharks. in january of 2011, president obama signed into law the shark conservation act. it outlaws shark finning by requiring that all sharks caught in u.s. waters be land
but on land, laws can be enforced. in cape town recently, authorities raided several processing plants owned by hong kong chinese. seven tons of fins were confiscated. this is only a small fraction of the whole. and after you've seen those fins laid out, have another look, as we did, at sharks doing what sharks do-- at a cow shark weaving through an underwater forest; at the perfect geometry and grace of a blue shark in cold, clear water. it's not the shark's fault that we've demonized him for...
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Jan 24, 2013
01/13
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but, it is not enough to change the law. we also need cops on the beat to enforce the law. and that's why today i am nominating mary jo white to to lead the security and exchange commission and richard cordray to continue leading the protection bureau. this guy is bothering me here. mary jo white was a big fan of the hardy boys. i was too, by the way. she built a career the hardy boys could only dream of. over a decade as u.s. attorney in new york. she helped prosecute white collar criminals and money launderers. in the early 1990s she brought down john gotti, head of the gambino crime sendcate and brought those those who brought down the world trade center in 2007. as one form ear sec chairman said, mary jo does not intimidate easily and that's important because she has big job ahead of her. the sec played a critical role in protecting our financial system during the worst of the financial crisis. but there's much more work to be done to complete the task of reforming wall street and making sure that american ip vestoinve are better informed and protected. we need to be su
but, it is not enough to change the law. we also need cops on the beat to enforce the law. and that's why today i am nominating mary jo white to to lead the security and exchange commission and richard cordray to continue leading the protection bureau. this guy is bothering me here. mary jo white was a big fan of the hardy boys. i was too, by the way. she built a career the hardy boys could only dream of. over a decade as u.s. attorney in new york. she helped prosecute white collar criminals...
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Jan 24, 2013
01/13
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of course we'll have to stick with rule of law. of course we'll have to play to their financial strengths. but that's not going to be enough if they pull themselves out of their most important political and economic relationship and if they seem to be america's wrij into europe. >> what -- the u.s. feels very strongly, it's extraordinarily strong remarks, unusual. why was that? is it because actually they view the uk as the biggest proopponent of trying to get a single market to work and if europe is not in it, they're more competitive? >> i think they view the uk's voice as more liberal and more broadly european affairs is an important one and it's a question of the uk is in many ways the u.s.'s most important national security ally. and pulling out politically interferes with that. but it is mostly what you said. they feel rightly, in my opinion, there's a lot of economic insanity in europe. >> so the split is uk is no longer of an interest, it's more ott a threat national as opposed to -- you know, you'll no longer be any used t
of course we'll have to stick with rule of law. of course we'll have to play to their financial strengths. but that's not going to be enough if they pull themselves out of their most important political and economic relationship and if they seem to be america's wrij into europe. >> what -- the u.s. feels very strongly, it's extraordinarily strong remarks, unusual. why was that? is it because actually they view the uk as the biggest proopponent of trying to get a single market to work and...
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Jan 22, 2013
01/13
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if it does reach the president's desk, he would not stand in the way of the bill becoming law. >> this is the president trying to resolve the jitters of the market over this and the potential threat to the economy. we have to first see whether or not house republicans can pass this proposal. there is some uncertainty about that. one member of congress told me he thought some members on the right might take it down. once that happens, we have to see what happens in the senate. clearly the president is sending a positive signal of encouragement to republicans that this is the kind of compromise i'm looking for. >> john, we were saying this at the top of the show, it's short-term spackle. it is not solving anything at all. we're pushing it out, kicking it down the road. >> that is true, but it's significant that the republicans broke the link between raising the debt limit and dollar for dollar spending reductions. john boehner articulated that principle in 2011. that became a huge barrier to the debt limit in 2011, because getting those cuts identified was very difficult, would probably
if it does reach the president's desk, he would not stand in the way of the bill becoming law. >> this is the president trying to resolve the jitters of the market over this and the potential threat to the economy. we have to first see whether or not house republicans can pass this proposal. there is some uncertainty about that. one member of congress told me he thought some members on the right might take it down. once that happens, we have to see what happens in the senate. clearly the...
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Jan 17, 2013
01/13
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, but in the end it's a law firm, associates and partners. the international consumer trends i like, but citi moved a lot. you always want your banks to put on a best face. anyone who went through the conference call -- actually there's more hue mill to goldman. there was a noeshs things are great. i look at these and it's like, well, i'm trying to understand international. this is a bank in flux, citi, i think it's trying to fish out what it is. when it does, the stocks will go higher. >> i think there was a higher expectations, and that may have impacted the number. as you say, just going through the numbers. debt valuation adjustment, 485 million, a billion repositioning charge, legal charges of 1.3 billion, reserve releases, i want only 86 million, 'opposed to an expectation. it will be tenfold that, so you end up with the number, but we'll see. >> -- >> david, would you characterize it as a pandit quarter or corbett quarter? >> i would like to see how corbett would -- corbat would characterize it. we'll still be dealing with dba for a wh
, but in the end it's a law firm, associates and partners. the international consumer trends i like, but citi moved a lot. you always want your banks to put on a best face. anyone who went through the conference call -- actually there's more hue mill to goldman. there was a noeshs things are great. i look at these and it's like, well, i'm trying to understand international. this is a bank in flux, citi, i think it's trying to fish out what it is. when it does, the stocks will go higher....
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Jan 18, 2013
01/13
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appeals court upheld the wisconsin law limiting collective bargaining by unions. in a decision handed down moments ago the circuit court reversed a portion of the lower court ruling that avoided part of the 2011 law championed by wisconsin governor scott walker. all in although, looks like a win for wisconsin. all right, time for things that make you go hmm. and today's number, 10.9 million. that is the number of people receiving social security disability insurance as of december 2012. that, my friends, 80% more than were on the program just eight years ago. and our second -- it is two for try, mandy. and our second to make you go hmm, is 6%. that's the number of people who went off disability and returned to work last year, according to forbs. next week we will dig into the numbers and ask why. some say it is a grej owth of wn in the workplace. otheris say there is a lot of fraud out there. we will get to the bottom of it. >> we certainly will. in the meantime, let's get to herb. a red flag on some high-flying stocks. i would like to know, a what makes them look
appeals court upheld the wisconsin law limiting collective bargaining by unions. in a decision handed down moments ago the circuit court reversed a portion of the lower court ruling that avoided part of the 2011 law championed by wisconsin governor scott walker. all in although, looks like a win for wisconsin. all right, time for things that make you go hmm. and today's number, 10.9 million. that is the number of people receiving social security disability insurance as of december 2012. that,...
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Jan 25, 2013
01/13
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that's in the eye of the law. unless ackman gets the law involved, i think loeb can win. i think loeb can win -- >> he can win but he can win if he gets out by the time the trade occurs unless there stakeover and then the stock -- by the way -- wait a minute. if there a take over, ackman can also win. both of them could win. >> this never puts tech nicks on. we put technicians on everyday. many times they are right. what do they know about the company? they pride themselves in not knowing. take that money. this t is incredible when you go to the bank with the winnings. oh, no you did that because it was reverse head and shoulders. no! >> i think that is an interesting dynamic here. quick word. at herbalife investor conference, you were there as well. i talked to michael johnson afterwards. there is an air of confidence, considering how they are under assault. they did not make a point by point rebuttal of ackman. didn't even try. they addressed some points. they talked about why they are an pyramid scheme. they talked about the science and attractiveness of their products
that's in the eye of the law. unless ackman gets the law involved, i think loeb can win. i think loeb can win -- >> he can win but he can win if he gets out by the time the trade occurs unless there stakeover and then the stock -- by the way -- wait a minute. if there a take over, ackman can also win. both of them could win. >> this never puts tech nicks on. we put technicians on everyday. many times they are right. what do they know about the company? they pride themselves in not...
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Jan 23, 2013
01/13
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. >> is this just the law of big numbers, though? >> well, i mean, google is doing $50 billion a quarter in revenue and is kind of hitting this sort of inflection point, slowing growth. apple hit that same inflection point at $150 billion in growth. so to a certain extent, it is a -- a law of large numbers. but the thing is, this is a tech company. and i think this is an overall problem for tech is that growth in tech is slowing. as tech becomes a bigger part of the economy, it's not growing as fast as it used to. jordan's take -- and, you know, i asked him what to watch for. his take was that as a -- becomes a mobile search more than a -- i guess a search p.c., that it's only, what, 20% now. cheaper mobile. once you get to the point where mobile becomes a bigger part, that then it can start growing again. what -- did it hit that inflection point yet where mobile has become bigger enough to start adding to growth? >> if you go back, actually, like two years ago, growth had slowed. it was in the high teens, 18%, 19%. then as mobile st
. >> is this just the law of big numbers, though? >> well, i mean, google is doing $50 billion a quarter in revenue and is kind of hitting this sort of inflection point, slowing growth. apple hit that same inflection point at $150 billion in growth. so to a certain extent, it is a -- a law of large numbers. but the thing is, this is a tech company. and i think this is an overall problem for tech is that growth in tech is slowing. as tech becomes a bigger part of the economy, it's...
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Jan 23, 2013
01/13
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the company has a sporting goods division, with ammunition for sporting and law enforcement, along with shooting accessories. now whatever you think of guns the stock we know that people are owning guns at alarming rates because they fear the legislation and if people are buying more guns they are buying more ammunition and accessories. the acts of senseless violence you have seen in the news including the one today, makes this a hard stock to talk about. i am asked multiple questions every day about the gun stocks. i refuse to answer them, but i do understand that profiting from a military play is a pretty healthy situation for that contractor even if it is bad for the country. if it bothers you, i can see how this stock would turn you off. don't walk away as a statement. instead, if you want to make a difference, own the stock and then donate the profits to a charity of your choice. which is what i did with altria. i did give a lot of money away to fight what they do. because of a robust defense orders and the need for defense companies to grow, i believe it is going to go higher. the
the company has a sporting goods division, with ammunition for sporting and law enforcement, along with shooting accessories. now whatever you think of guns the stock we know that people are owning guns at alarming rates because they fear the legislation and if people are buying more guns they are buying more ammunition and accessories. the acts of senseless violence you have seen in the news including the one today, makes this a hard stock to talk about. i am asked multiple questions every day...
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Jan 25, 2013
01/13
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says the person who sold it to you hasn't violated the law. >> that's not to say khuzami and company haven't been tough on wall street. the s.e.c. said since he took the job in 2009 more than 150 people have been charged and 2.6 billion dollars recovered include ago a record $550 million settlement with goldman sachs in a case all about disclosure in the financial crisis. >> as someone who's sat on both sideses of the table as general counsel on wall street and the director of enforcement here, is there truth to what people perceive that banks look at fines as a cost of doing business? >> in this case, no. this involves time and a expense in the investigation. shareholders demanding activity and may sue you. every justice department case is significant. >> a lot of people feel -- individual investors feel the game is rigged now. do they have a point. >> whether it's rigged that it's fraudulent, that's one question. if not, there needs to be greater transparency in order to give the public the faith that this is a level playing field and get them back on the market. >> that issue is o
says the person who sold it to you hasn't violated the law. >> that's not to say khuzami and company haven't been tough on wall street. the s.e.c. said since he took the job in 2009 more than 150 people have been charged and 2.6 billion dollars recovered include ago a record $550 million settlement with goldman sachs in a case all about disclosure in the financial crisis. >> as someone who's sat on both sideses of the table as general counsel on wall street and the director of...
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Jan 24, 2013
01/13
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it is the law. it says you do nothing, the whole sequester goes through, 1.2 trillion, you know this better than i do, about $100 this will this year. will it go lieu? >> i think the spend being cut will go through one way or the other. obviously i'd rather see us do a budget, prioritizing spending instead of cutting everything and we should eliminate programs that no longer work. one way or another there's a spending cut that will happening. i think it's better if we eliminate programs that are no longer useful and prioritize spending. that's what people do at home and we should be doing here. >> how about letting the spending sequester go through and then have a new budget for the new year and which will presumably trim budgets even more. >> larry, the one issue -- i serve on the armed services committee as well and i think there are some cuts there that go way too far. secretary panetta said we'd be undermining our national security for generations. the safety and security of our country, particu
it is the law. it says you do nothing, the whole sequester goes through, 1.2 trillion, you know this better than i do, about $100 this will this year. will it go lieu? >> i think the spend being cut will go through one way or the other. obviously i'd rather see us do a budget, prioritizing spending instead of cutting everything and we should eliminate programs that no longer work. one way or another there's a spending cut that will happening. i think it's better if we eliminate programs...
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Jan 22, 2013
01/13
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on the 27th, current law on the government funding runs out that forces a drama over a continuing resolution, or you face the risk of a government shut down. on april 15th, that's the date by which the house would force congress to pass a budget or see their pay cut. the risk there, of course, is members of congress might have to go quite some time without a paycheck. tyler? >> thank you very much, eamonn. >>> the gop originally wanted to tie the debt limit raise to spending cuts. so are republicans backing down as some in their own party say or is it just a shift in tactics? scott garrett is back with us, a republican from new jersey and vice chair of the house budget committee. welcome back. great to see you again. >> good to be back with you. >> happy new year. >> there are some people including senator rand paul of kentucky who say that at your conference last week in williamsburg you retreated on the debt ceiling issue. is that a fair characterization? if so, was it a change of heart or a change of tactics? >> i didn't hear rand's comment as far as that is concerned. i think what the go
on the 27th, current law on the government funding runs out that forces a drama over a continuing resolution, or you face the risk of a government shut down. on april 15th, that's the date by which the house would force congress to pass a budget or see their pay cut. the risk there, of course, is members of congress might have to go quite some time without a paycheck. tyler? >> thank you very much, eamonn. >>> the gop originally wanted to tie the debt limit raise to spending...
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Jan 21, 2013
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we will defend our people and uphold our values through strength of arms and rule of law. we will show the courage to try and resolve our differences with other nations peacefully, not because we are naive about the dangers we face but because engagement can more durably lift suspicion and fear. america will remain the anchor of strong alliances in every corner of the globe, and we will renew those institutions that extend our capacity to manage crisis abroad for no one has a greater steak in a peaceful world than its most powerful nation. we will support democracy from asia to africa, from the americas to the middle east because our interests and our conscience compel us to act on behalf of those who long for freedom, and we must be a source of hope to the poor, the sick, the marginalized, the victims of prejudice not out of mere charity but because peace in our time requires the constant advance of those principles our common creed describes. tolerance and opportunity. human dignity and justice. we, the people, declare today that the most evident of truths that all of us
we will defend our people and uphold our values through strength of arms and rule of law. we will show the courage to try and resolve our differences with other nations peacefully, not because we are naive about the dangers we face but because engagement can more durably lift suspicion and fear. america will remain the anchor of strong alliances in every corner of the globe, and we will renew those institutions that extend our capacity to manage crisis abroad for no one has a greater steak in a...
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Jan 23, 2013
01/13
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, the 1974 budget act, that requires congress by law to pass a budget? what's the enforcement of that? well, there's going to be enforcement after today. and the enforcement is you're not going to get paid like most of the american people do when you dornt do your job. >> right. salary would say go into escrow until the chamber does pass a budget. questions about constitutionality about that though. what do you make of them? >> well, look, we wouldn't be passing it if we didn't think it was constitutional, and the fact of the matter is if the house of representatives passes this with a majority instructing the treasury to withhold our pay if we don't pass a budget, we believe that's constitutional, as does the senate. if you vote with the majority vote, you can withhold our pay. look, what are we talking about if we hit the debt limit? we're not going to pay military personnel. we're not going to pay all those other things we're contractually obligated to do, the same thing with our own pay. if we can't start with ourselves, how can we threaten anyone el
, the 1974 budget act, that requires congress by law to pass a budget? what's the enforcement of that? well, there's going to be enforcement after today. and the enforcement is you're not going to get paid like most of the american people do when you dornt do your job. >> right. salary would say go into escrow until the chamber does pass a budget. questions about constitutionality about that though. what do you make of them? >> well, look, we wouldn't be passing it if we didn't...
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Jan 24, 2013
01/13
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you can get old episodes of law through your playstation. >> you can have it put right into your television. >> see, video streaming service posting a profit of 15 krevents a share. my blackberry makes a sound every time i get a message. >> are you kidding? >> every time it buzzes, it's either itunes or netflix i've bought something. now, who is doing that? >> i would assume the kids are doing that. >> like every minute. it's like, oh. >> you know that sounds will annoy you. >> that's okay. can you -- >> does it bother you? >> no. i feel good. i feel like i'm -- >> i'm going to send you e-mails. >> i feel like i'm involved. did you see what facebook causes in people? >> what? >> loneliness, envy, jealousy, depression. here they are sitting in their dpred depressing basement and they're seeing these people doing these -- the lives they're lead sg like, my life is horrible. did you see that? facebook makes you depressed. >> it doesn't surprise me. especially when people are checking in on people that they're not friends with any more. >> right. >> it's like, look at what i'm doing. everybody
you can get old episodes of law through your playstation. >> you can have it put right into your television. >> see, video streaming service posting a profit of 15 krevents a share. my blackberry makes a sound every time i get a message. >> are you kidding? >> every time it buzzes, it's either itunes or netflix i've bought something. now, who is doing that? >> i would assume the kids are doing that. >> like every minute. it's like, oh. >> you know that...
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Jan 23, 2013
01/13
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the rule of law, transparency, opportunity to get good managers. the u.s. will grow at a reasonable rate this year, 2%, 2.5%. outside of the united states, the best emerging markets are china, brazil we like a great deal. other places like peru, colombia, chile, south africa, turkey. korea, as well, in asia, indonesia attractive. europe has appeal. it's been beaten down so much we think it's the largest emerging market in the world. price vs. been beaten down and -- prices have been beaten down and we think growth will occur. for example, a lot of banks have to sell assets. we recently bought tcw. an asset in the united states. not a european asset. but it was owned by a french bank. that's a good asset. we think we got it at a good price. there are many banks in europe who will sell assets this year and next. we think there are good opportunities to buy there. >> it's interesting because banks are being forced to do fire sale prices. they need to raise capital. that's an opportunity for you. >> i hope so. i hope these are fire sale prices. they're probably
the rule of law, transparency, opportunity to get good managers. the u.s. will grow at a reasonable rate this year, 2%, 2.5%. outside of the united states, the best emerging markets are china, brazil we like a great deal. other places like peru, colombia, chile, south africa, turkey. korea, as well, in asia, indonesia attractive. europe has appeal. it's been beaten down so much we think it's the largest emerging market in the world. price vs. been beaten down and -- prices have been beaten down...
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Jan 17, 2013
01/13
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a law professor of university of kansas brought into the obama administration and he started implementing some of the behavioral economic incentives in government programs. i think run out of washington. but university of baylor. austin ghoulsby, obama's economic adviser, he was more closely in line with helping people make their decisions. >> go i head, sorry. >> this is getting worse with time when you talk about the consumer and one for instant gratification. when you think about it, a lot of people say, i'm not going to wait on line because i can go on-line and shop in my comfort of my own home. it is getting worse and worse. and economics change with that. >> i think that's exactly right. i think there is this old sense that psychology is psychology and economic is economics and neurology is neurology. they wsht allowed it play with each other and learn from each other. economists are good at explaining about why we make decisions and how we choose. they don't just listen to classical economic series. they use psychology. they say, how are our biases decisions make me rational and --
a law professor of university of kansas brought into the obama administration and he started implementing some of the behavioral economic incentives in government programs. i think run out of washington. but university of baylor. austin ghoulsby, obama's economic adviser, he was more closely in line with helping people make their decisions. >> go i head, sorry. >> this is getting worse with time when you talk about the consumer and one for instant gratification. when you think about...
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Jan 23, 2013
01/13
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. >> american law doesn't require a distinction between varieties of truffles. and this product does sell for considerably less than the best of france. but american consumers are being deceived into thinking they're getting the finest quality at a bargain price. the owner of this brand is pierre jean pebyre. >> this is your company, right? >> yes. >> okay, so we found this in the united states. >> yes. >> okay, so this says, "black winter truffles." >> yes. >> but it's chinese. >> it's chinese, yes. this is a tin. it's a french product. the truffles-- if i put--if i make the tin in china, it's a chinese truffle. >> i'm stunned. he was saying that since the truffles are packaged here, he can legally write "product of france" on the label. it feels like i'm being tricked
. >> american law doesn't require a distinction between varieties of truffles. and this product does sell for considerably less than the best of france. but american consumers are being deceived into thinking they're getting the finest quality at a bargain price. the owner of this brand is pierre jean pebyre. >> this is your company, right? >> yes. >> okay, so we found this in the united states. >> yes. >> okay, so this says, "black winter...
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Jan 18, 2013
01/13
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i am very, very concerned about this health care -- new health care law. it is already going to cost me millions in my current budget to implement it, effective 200014. >> why is it costing you millions? what's the source oaf that expense? >> the source of the expense is the current growth in the medicaid program. once it begins this 2014 they'll try to have a number of people sign up for the current medicaid program. in my state, that'll be about $72 million. >> and are your businesses going to essentially take the penalty rather than the mandate and put their workers on to the so-called exchange? >> you know, i don't think we know the answer to that question yet. there's so much uncertainty and unknown. our businesses are still trying to figure it out. but i do know this. they're very, very concerned about the cost of obama care. >> all right. we'll leave it there. governor dave heinman of nebraska. good luck and thanks for coming on. >>> now talk about a p.r. nightmare. boeing 787 dreamliners remain grounded around the world tonight. but did the stock b
i am very, very concerned about this health care -- new health care law. it is already going to cost me millions in my current budget to implement it, effective 200014. >> why is it costing you millions? what's the source oaf that expense? >> the source of the expense is the current growth in the medicaid program. once it begins this 2014 they'll try to have a number of people sign up for the current medicaid program. in my state, that'll be about $72 million. >> and are your...
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Jan 18, 2013
01/13
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be on condition that the house and senate both passion a budget which they are supposed to do under law by that point anyway, and finally it would take an approach of no budget, no pay if the congress refused to do that. here's the response from senate democrats. they said, no, we will consider a clean debt limit extension without any conditions if the house sends us one, so they are trying to keep the pressure on. the white house says we're encouraged that republicans appear to be backing off their determination to hold the u.s. economy hostage to its budget plans. now, democrats are feeling like they are making progress now. the question is going to be can republicans push this through the house in order to put pressure on democrats to compromise on terms? one republican member told me this afternoon that this is -- this might fly, but it's something that was put together haphazardly. we've not done a whip count. this could turn into plan "b" for speaker boehner. that's what we're watching next week. the good news is for markets though. it does appear we're moving, if not steadily, ma
be on condition that the house and senate both passion a budget which they are supposed to do under law by that point anyway, and finally it would take an approach of no budget, no pay if the congress refused to do that. here's the response from senate democrats. they said, no, we will consider a clean debt limit extension without any conditions if the house sends us one, so they are trying to keep the pressure on. the white house says we're encouraged that republicans appear to be backing off...
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Jan 18, 2013
01/13
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resolutions by april 15th which is supposed to be the case already but it's a deadline often missed in the law right now. and if members don't do that, if the house and senate don't pass budget resolutions their pay would be withheld so the slogan for republicans is going to be no budget and no pay. now this is an attempt by republicans to get past the potential blame that would be associated with not raising the debt limit but it is not a long-term extension of the debt limit. that is still a card that republicans are holding back. this is something that john boehner has now agreed to. he just put out a statement as i was sitting down in the chair to that effect and it's indicated if there is going to be a long-term extension of the debt limit there is going to have to be spending cuts and the purpose of the budget, requiring the budget resolution is to try to flesh out what some of those spending cuts would be. >> presumably that would pass the republican controlled house. what do you think the reaction would be in the democratic controlled senate? >> i just got off the phone with a democrat
resolutions by april 15th which is supposed to be the case already but it's a deadline often missed in the law right now. and if members don't do that, if the house and senate don't pass budget resolutions their pay would be withheld so the slogan for republicans is going to be no budget and no pay. now this is an attempt by republicans to get past the potential blame that would be associated with not raising the debt limit but it is not a long-term extension of the debt limit. that is still a...
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Jan 19, 2013
01/13
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that is already the law. the democrats are trying to hedge on it. the president has already said it's not going to happen. this is where the republicans should go. and they won't go there. and that's why i doubt their bona fides on spending. >> you have to first of all as i said before get across that spending levels are stoo high. keith, you would agree with that, right? >> no. >> see what i mean? they're too high. >> perfect. right. >> you think this level is appropriate. 25% gdp. >> you're talking about gdp to spending -- >> yeah. >> yeah, that is too high. but that's not because we're spending too much. it's because our revenues aren't -- the reason our revenues is r. in decline is we're in a very weak recovery. we got out of the worst resgs -- >> whose fault is that? >> there was a president who came in before us. i don't know -- >> you can't keep blaming bush. you're in your second term. >> bill clinton. >> he doubled the national debt. >> his last budget was $1.8 trillion. obamas first fully owned budget was $3.8 trillion. 1.8, 3.8. >> guess
that is already the law. the democrats are trying to hedge on it. the president has already said it's not going to happen. this is where the republicans should go. and they won't go there. and that's why i doubt their bona fides on spending. >> you have to first of all as i said before get across that spending levels are stoo high. keith, you would agree with that, right? >> no. >> see what i mean? they're too high. >> perfect. right. >> you think this level is...
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Jan 25, 2013
01/13
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it's not till november that the tax laws allow that to be. i do believe it's going to blow a quarter. i think mtw should split itself up into two separate companies. food, service, and cranes. remember those ice machines when you go out to -- ice machines, you feel like you're getting something for free. it's really water. we also get results from beemus. its tom symbol is bms, which stands for buy my stock. here's the stock i mentioned earlier this week as part of the brand new bull market in packaging of all things. you're going to sey 15id that. i'm expecting a very good quarter after the close. we get the new one, the ipo, barry plastics. the other packaging bull market player. i think there's a lot to like here too. on the lookout for both of these. if buy my stock goes down ahead of when it reports, buy its stock. all right. now, on friday morning i think you're going to see the contrast between the world's largest oil company, exxon, which has truly become a serial disappointer, and chevron, which has become a company that delivers som
it's not till november that the tax laws allow that to be. i do believe it's going to blow a quarter. i think mtw should split itself up into two separate companies. food, service, and cranes. remember those ice machines when you go out to -- ice machines, you feel like you're getting something for free. it's really water. we also get results from beemus. its tom symbol is bms, which stands for buy my stock. here's the stock i mentioned earlier this week as part of the brand new bull market in...
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Jan 25, 2013
01/13
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. >> why, do you think people are going to stick around, people -- >> it just is the law. i don't know what's. when it gets overloved and is people have been recommending -- remember on the way up people were saying, i don't like apple, i don't like google. i'm doing a spread because microsoft pays the dividend. the dividend is 3.3%. that's the kind of problem i think that these tech stocks grow to the sky. people think it's a tree and it's going to grow like jack and the bean stock. still, how many times -- microsoft shares, $27. it's just has been there for so long. let's look at at&t. i don't know what that means for am. did you see the final straights yesterday in apple? >> though. >> like down 65, i think. i don't know. down around $450. and who knows what -- now, you read the commentary. >> there it is. netflix shares are worth more than apple the. >> what? >> i don't know. it says that company is going to be worth more. >> wow. >> no idea. this is you, you talking. >> at&t also out with its earnings yesterday. came in the fourth quarter loss. but when you exclude th
. >> why, do you think people are going to stick around, people -- >> it just is the law. i don't know what's. when it gets overloved and is people have been recommending -- remember on the way up people were saying, i don't like apple, i don't like google. i'm doing a spread because microsoft pays the dividend. the dividend is 3.3%. that's the kind of problem i think that these tech stocks grow to the sky. people think it's a tree and it's going to grow like jack and the bean...
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Jan 17, 2013
01/13
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the law itself is 2,500 pages. most of them missed the point. for example, we haven't dealt with the too big to fail issue in an adequate way. we haven't dealt with fannie mae and freddie mac and the housing in an adequate way. we have too many regulators that are -- the system is too frag managemented and it's too poe lit sized. there's a lot of things we should have done ta dodd frank didn't do. i'm all in favor of very strong regulation, but we didn't get it with dodd-frank. i think with dodd-frank all we got was excessive and ineffective regulation and we haven't fixed our system. >> wa about the inof banker pay? is it structured in a way that creates problems and different vulnerabilities within the banking industry? would you reform it? and how so? >> i couldn't quite hear that question. we don't have a great connection the. >> sorry, bill. we apologize for all the issues. i lastly wanted to ask you about banker pay. compensation is in focus here. does it need to be reformed? if so, how? >> i think i heard you talking about compensation an
the law itself is 2,500 pages. most of them missed the point. for example, we haven't dealt with the too big to fail issue in an adequate way. we haven't dealt with fannie mae and freddie mac and the housing in an adequate way. we have too many regulators that are -- the system is too frag managemented and it's too poe lit sized. there's a lot of things we should have done ta dodd frank didn't do. i'm all in favor of very strong regulation, but we didn't get it with dodd-frank. i think with...
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Jan 25, 2013
01/13
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commitments that have been undertaken by the european leaders in 2012 had a date like you remember the law passed to the euro with date, there was a calendar and so on. there was a practice that had been been abandon and it's been resurrected by the leaders at the june summit. that summit has an importance which will continue to remain with us for a long time. so there has been substantial progress at the euro area governance level. and the third thing, of course, is the action and the actions undertaken by the ecb. we not only cut rates three times, we changed the collateral rules. we also launched in the early part of the year -- actually, it was the end of 2011, we launch today two very large ltros. it was 1 trillion gross injection of liquidity met was about a half a trillion. at that time, avoided a measure -- a major funding problem which could have had unexpected and dramatic consequences on the financial system. there was a funding -- people say use the word bunch. in the early part of the year, there were something like more than 230 million euro bank bonds coming through and 300
commitments that have been undertaken by the european leaders in 2012 had a date like you remember the law passed to the euro with date, there was a calendar and so on. there was a practice that had been been abandon and it's been resurrected by the leaders at the june summit. that summit has an importance which will continue to remain with us for a long time. so there has been substantial progress at the euro area governance level. and the third thing, of course, is the action and the actions...
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Jan 18, 2013
01/13
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there are always regulations, laws that you can impose to make sure stuff doesn't happen or does happen. it's a lot easier than when you're trying the win midterm elections. >> the first report on january consumer sentiment is out at 9:55 a.m. eastern. forecasts call for a reading of 75.5 up three points from december. we'll look at earnings from general electric, morgan stanley, schlumberger, johnson controls, state street and suntrust bank. >>> the outgoing treasury secretary, whose last day on the job is january 25th, tells "the wall street journal" the u.s. is well ahead of other countries in balancing the financial system. geithner says the u.s. has more diversity of strength from energy to high tech and the public should find comfort and optimism in that. but, rob, the public is not finding much optimism, are they? >> they shouldn't, given that we didn't get the fiscal cliff deal that we thought we did on january 1st. we got a mini deal. it looks like rubbish. they shouldn't be desperately optimistic. other things are going right. stock prices have been reasonably buoyant. the gas
there are always regulations, laws that you can impose to make sure stuff doesn't happen or does happen. it's a lot easier than when you're trying the win midterm elections. >> the first report on january consumer sentiment is out at 9:55 a.m. eastern. forecasts call for a reading of 75.5 up three points from december. we'll look at earnings from general electric, morgan stanley, schlumberger, johnson controls, state street and suntrust bank. >>> the outgoing treasury secretary,...
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Jan 22, 2013
01/13
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government has come out today and said that no, we don't need to think about revising the bank of japan law. it was a threat they had out there before this statement came out. i think that independent story is something we can forget about for the time being. i think the interesting point is that monetary policy, anyone will tell you, has its limitations. especially in a country like japan. i think the onus is going to start shifting to the government itself and the government is looking ahead to an election, as we talked about many, many times. and here becomes the tricky part because they're trying to embark on structural reforms, they're talking about tax reforms, as well. this will be a multi layered process and hopefully they'll be in power long enough to deliver some of those changes. i think the market was expecting for the bank of japan to come in .deliver everything that was going to solve all of japan's problems after decades of recession, then they were probably misguided. but for the moment, the reaction we're getting from people who were watching japan is they probably took as
government has come out today and said that no, we don't need to think about revising the bank of japan law. it was a threat they had out there before this statement came out. i think that independent story is something we can forget about for the time being. i think the interesting point is that monetary policy, anyone will tell you, has its limitations. especially in a country like japan. i think the onus is going to start shifting to the government itself and the government is looking ahead...
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Jan 22, 2013
01/13
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of situations, and the board is coming down trying to say that this is just an extension of existing law, making it apply to new technology. there was a case, his pan igs united of buffalo, a nonprofit social services provider where a caseworker threatened to complain to the boss that others, other employees weren't working hard enough. one worker, mariana cole rivera posted a facebook message saying my fellow coworkers, how do you feel? four other people came back with sometimes angry, expletive laden responses. what the hell, we don't have a life as is. try to do my job, those five workers were fired. for posting those things, and the nlrb said that that is not okay. that this is free speech, they're allowed to vent, as they called it, and it's okay, and they had to be reinstated with their positions. now there were some other situations where the board said this is not free speech. they cracked down where a newspaper reporter, a homicide reporter at the arizona daily star in tucson posted some things saying, what? no overnight homicides? you're slacking, tucson. and another began by s
of situations, and the board is coming down trying to say that this is just an extension of existing law, making it apply to new technology. there was a case, his pan igs united of buffalo, a nonprofit social services provider where a caseworker threatened to complain to the boss that others, other employees weren't working hard enough. one worker, mariana cole rivera posted a facebook message saying my fellow coworkers, how do you feel? four other people came back with sometimes angry,...
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Jan 17, 2013
01/13
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what kind of penalty do you get if you don't follow the law? monetary, of course. but basically that depends on what the issue is and what you did wrong. i'm not going to put any number on anything. but it depends on what you do. but they're going to go after you. i asked richard core dra cordri they were going to do and he said they would be aggressive, they would look at the books. >> when we come back, we will have more on the latest developments on the international hostage crisis in nigeria. there were reports this morning that some workers have skapd. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> welcome back to "squawk box." s&p 500 off marginally. the dow would he 16 points lower. some of the hostages being held at a natural gas field in algeria have escaped. algerian tv says 15 foreign hostages have made it out, including two
what kind of penalty do you get if you don't follow the law? monetary, of course. but basically that depends on what the issue is and what you did wrong. i'm not going to put any number on anything. but it depends on what you do. but they're going to go after you. i asked richard core dra cordri they were going to do and he said they would be aggressive, they would look at the books. >> when we come back, we will have more on the latest developments on the international hostage crisis in...
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Jan 24, 2013
01/13
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it has become judge made law and judge made law can be bad. i'll give you a quick example, separate but equal, segregation was stand willing law of the land but it was banned. it was bad law and we believe the interstate commerce is overreaching. >> but isn't it, doesn't it get dangerous when states pick and choose which federal laws they want to enforce? >> you know, states are doing this constantly. states have medical marijuana. i'm not a big fan of that product. but they have marijuana out there now and the federal law clearly states that marijuana is illegal. but i think we just want to send a strong message that we have a strong hunting heritage here. i know that the town where they make remingtons, the remington factory is under great duress and i would invite them to bring their high paid union jobs here to michigan. we would be welcoming them. >> nobody is talking about outlawing all guns, just certain kinds of guns, and some people might say the argument over gun control seems hysterical now, at least to gun control advocates. there
it has become judge made law and judge made law can be bad. i'll give you a quick example, separate but equal, segregation was stand willing law of the land but it was banned. it was bad law and we believe the interstate commerce is overreaching. >> but isn't it, doesn't it get dangerous when states pick and choose which federal laws they want to enforce? >> you know, states are doing this constantly. states have medical marijuana. i'm not a big fan of that product. but they have...
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Jan 25, 2013
01/13
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laws. i'll talk to her in just a minute. how long have i had my car insurance? i don't know. eight, ten years. i couldn't tell ya' but things were a lot less expensive back then. if you're 50 or over you should take a new look at your auto insurance. you may be overpaying. actually that makes a lot of sense. old policy. old rates. and thanks to your experience behind the wheel, you might save $350 by switching to the aarp auto insurance program from the hartford. plus, you'll get benefits that reward your driving record, like our promise that you won't be dropped. wait, you won't drop me, seriously? that's right, you won't be dropped. and, if you know anyone who's been dropped by their insurance company, you know that's a hassle you don't need. especially these days. plus you'll get recovercare, which helps you pay for everyday needs like housecleaning, lawn care and pet services if you're injured in an accident. so my auto insurance is going to help pay the housecleaning if i'm injured? di
laws. i'll talk to her in just a minute. how long have i had my car insurance? i don't know. eight, ten years. i couldn't tell ya' but things were a lot less expensive back then. if you're 50 or over you should take a new look at your auto insurance. you may be overpaying. actually that makes a lot of sense. old policy. old rates. and thanks to your experience behind the wheel, you might save $350 by switching to the aarp auto insurance program from the hartford. plus, you'll get benefits that...
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Jan 25, 2013
01/13
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law. which says that a fetus is not a human being. how do you argue that? >> well, look, the civil courts can do whatever they want. i understand what colorado law is, but the fact of the matter is, catholic church is driven by natural law. catholic church says natural law trumps the civil law. we know that life begins at concept. for the catholic church to say we'll hide under the rubric of civil law, because the lawyers say they are going to save us money, they are acting like har lots quite frankly. i hope the hospital gets stripped of its catholic status. the worst thing you can provide is scandal according to jesus to create confusion and doubt in the minds of the faithful. never mind noncatholics. catholics themselves are outraged if the catholic church doesn't speak up. >> are you suggesting that the catholic hospital should have said, we're going to go ahead and settle this and we are not going to follow the law? we'll not going to defend ourselves in this particular case? >> yes.
law. which says that a fetus is not a human being. how do you argue that? >> well, look, the civil courts can do whatever they want. i understand what colorado law is, but the fact of the matter is, catholic church is driven by natural law. catholic church says natural law trumps the civil law. we know that life begins at concept. for the catholic church to say we'll hide under the rubric of civil law, because the lawyers say they are going to save us money, they are acting like har lots...
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Jan 25, 2013
01/13
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they're law-abiding. they think it's their light under our constitution to own it, and don't kid the rest of us. the people who were just on would ban all guns if they could get away with de. you look at the new york state law that governor cuomo just pushed, basically, it eliminates virtually every -- >> hang on, hang on. hang on. let me take you up on that. dianne feinstein is attacked by many republicans as being somebody who wants to ban all guns. do you know how many different types of guns she has permitted to remain in legal circulation in america under her proposal? >> this is what this year the government is willing to permit? >> but you have already agreed -- >> in new york state -- >> you have already agreed with the decision to not permit americans to have automatic firing weapons. what's the difference? >> i don't think people -- okay, so now we're arguing over whether or not very many people's lives will be saved. i'm challenging you and others -- >> no, i'm not asking you. i'm asking you ho
they're law-abiding. they think it's their light under our constitution to own it, and don't kid the rest of us. the people who were just on would ban all guns if they could get away with de. you look at the new york state law that governor cuomo just pushed, basically, it eliminates virtually every -- >> hang on, hang on. hang on. let me take you up on that. dianne feinstein is attacked by many republicans as being somebody who wants to ban all guns. do you know how many different types...
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Jan 25, 2013
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that's the law, period. >> yes. you can have the leverage lay tur -- it's not in the court's domain to make the law. it's the court's domain to interpret the law. that's why there's been two court decisions. look, we can't consider it because the legislature says we cann cannot do. so however, the issue becomes have they viable fetuses such if they were born they would be people and therefore they would have the legal rights. >> take the whole catholic thing out of this. isn't this a cut and dry-wrongful death case. the guy on call does not answer the page. the woman is alive for a little less than an hour and those twins could have survived potentially. >> potentially. >> that's a big issue. if someone had attended to this issue or ordered an emergency c-section sooner. >> 100% but there are a couple offishes there. when you say potentially it seems that the experts suggest if she was given a c-section before the heart attack the fetuses would have survived. the second issue would be it would be different if we wer
that's the law, period. >> yes. you can have the leverage lay tur -- it's not in the court's domain to make the law. it's the court's domain to interpret the law. that's why there's been two court decisions. look, we can't consider it because the legislature says we cann cannot do. so however, the issue becomes have they viable fetuses such if they were born they would be people and therefore they would have the legal rights. >> take the whole catholic thing out of this. isn't this...
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Jan 19, 2013
01/13
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will his legacy call for tougher gun laws? he called to reinstate the assault weapons ban, restrict ammunition magazines to no more than ten rounds and require background checks on all gun purchases. he also signed 23 executive actions. for the first time in years, it looks like gun legislation could happen and that immediacy is turning the fight over the president's plans very personal. he invited four children who wrote him letters, begging for an end to gun violence, invited them to join him at the white house. 8-year-old grant wrote i think there should be some changes in the law with guns. 11-year-old julia wrote even though i am not scared for my own safety, i am scared for others. i have four brothers and sisters. >> these are kids. this is what they're thinking about. and so what we should be thinking about is our responsibility to care for them. >> but the national rifle association, the nra, it got personal, too, releasing a new ad invoking the president's children. >> the president's kids more important than yours?
will his legacy call for tougher gun laws? he called to reinstate the assault weapons ban, restrict ammunition magazines to no more than ten rounds and require background checks on all gun purchases. he also signed 23 executive actions. for the first time in years, it looks like gun legislation could happen and that immediacy is turning the fight over the president's plans very personal. he invited four children who wrote him letters, begging for an end to gun violence, invited them to join him...
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Jan 17, 2013
01/13
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it used to be defined by law, from 1994 to 2004 under that ban. it's no longer defined by law yet. but what will an assault weapons ban actually ban? >> well, we're going to see what congress comes forward with. in 1994 there were 19 specific types of weapons, or 19 specific weapons, and a broader definition. it had, it was able to take the -- the -- bayonet, stud, a folding stock, those sorts of things were incorporated in the definition. really, weapons of war, and i think part of the 1994 ban just had to do with the sort of cosmetics of people who were frightened by the look of these weapons. whether or not that remains, i think it's one of the challenges for congress to put a reasonable definition together. >> and then when the president seeks to make, you know, access to mental health better, and also the sharing of mental health data more ubiquitous, doesn't that also open an extraordinary can of worms in terms of privacy issues? for instance, if i want to go to see psychiatrist and i have suicidal thoughts, i could end up in a federal registry? >> it's an issue and a challen
it used to be defined by law, from 1994 to 2004 under that ban. it's no longer defined by law yet. but what will an assault weapons ban actually ban? >> well, we're going to see what congress comes forward with. in 1994 there were 19 specific types of weapons, or 19 specific weapons, and a broader definition. it had, it was able to take the -- the -- bayonet, stud, a folding stock, those sorts of things were incorporated in the definition. really, weapons of war, and i think part of the...
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Jan 20, 2013
01/13
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the first lady, his daughters, also his sister and his mother-in-law and brother. and it was a short event. only lasted for about 30 seconds. and then afterwards, sort of a colorful moment, where the president was hugging the first lady, hugging the first daughters and then his daughter, sasha, his youngest daughter, saying to the president, "well, you didn't mess up," again, making reference to the last four years ago when they did have those problems and the president saying, "i did it." so, that was kind of the end of this first phase of the president getting sworn in. and of course, tomorrow is the more public event, when hundreds of thousands of people will get a chance to witness the president getting the -- this oath administered at the capitol. >> most people looked at, of course, the first lady, her new haircut and you girls looking so big, as tall as the first lady and you the president, dan. >> all you have to do is rewind some of the tapes from four years ago, just little girls coming in here to the white house we have seen them grow up over the last fo
the first lady, his daughters, also his sister and his mother-in-law and brother. and it was a short event. only lasted for about 30 seconds. and then afterwards, sort of a colorful moment, where the president was hugging the first lady, hugging the first daughters and then his daughter, sasha, his youngest daughter, saying to the president, "well, you didn't mess up," again, making reference to the last four years ago when they did have those problems and the president saying,...
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Jan 24, 2013
01/13
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gun laws. so they got special permission from the d.c. police office and also from the capitol police and there are a lot of capitol police officers here. those are the rules to make sure the guns are back there and we are not allowed back there either. that really is the point that she is going to make. what's most interesting is that her aud yns, audience are conservative democrats who feel that banning these type of assault weapons, they don't want to do it. >> i'm glad that you pointed out that there was a special -- our colleague david gregory took it on the chin for having a high-powered magazine on his show. there is a significant reason why. when i said theatric, i meant it. critics of this kind of gun control law say it's because of the look. they look so incredibly menacing but are they any different that what is legal? sl there a lot of specificity about what kind of weapon will constitute an assault weapon? >> there are. in fact, i should tell you that i should probably stop talking because we expect senator feinstein and othe
gun laws. so they got special permission from the d.c. police office and also from the capitol police and there are a lot of capitol police officers here. those are the rules to make sure the guns are back there and we are not allowed back there either. that really is the point that she is going to make. what's most interesting is that her aud yns, audience are conservative democrats who feel that banning these type of assault weapons, they don't want to do it. >> i'm glad that you...
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Jan 17, 2013
01/13
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they are breaking the law. the question is, yes, they know they are breaking the law, but don't think they are going to get caught because they are so much smarter than everyone else. you may not see the kind of behavior we saw with bernie madoff. that is the biggest ponzi scheme in u.s. history, but on a smaller scheme you see this behavior with white collar criminals. it's almost a profile of someone that will cheat when it comes to the law. >> how about that? sunny hostin, thank you. before we go to break, i want to get you to talk about the duke study. as we are talking about stealing cash, this is fascinating. people were more tempted to steal. >> they did an experiment at duke where they gave people the opportunity to steal cash and what they found is that people were less likely to steal regular cash than a token that they could take and somewhere down the hall exchange for money. it seemed like if it was somehow indire indirect, it was easier to rationalize the cheating or stealing in their minds. >> wh
they are breaking the law. the question is, yes, they know they are breaking the law, but don't think they are going to get caught because they are so much smarter than everyone else. you may not see the kind of behavior we saw with bernie madoff. that is the biggest ponzi scheme in u.s. history, but on a smaller scheme you see this behavior with white collar criminals. it's almost a profile of someone that will cheat when it comes to the law. >> how about that? sunny hostin, thank you....